Risk Assessment And Risk Assessments
Risk Assessment
IEE 454
Bowen Wan
1208534297
Email:
[email protected]
Abstract:
As Broughton said, we should try our best to avoid risks first by based care like improving quality
of products instead of relying on latest risk assessment tool, although risks are not avoidable all the
time.
Table of contents: What is Risk Assessment Value of Risk Assessment Qualitative Risk Assessment
Quantitative risk assessment
Criticism of quantitative risk assessment Typical Risk Assessment Tool: Brainstorming What should
we expect from risk management
Risk assessment misuse
Conclusion
Body of the paper:
What is Risk Assessment:
Risk assessment is intended to reduce the risk to an ... Show more content on Helpwriting.net ...
We also interview system users and operators and consult checklists. Review historical data, studies
from other similar systems is also a very useful method. Totally, risk assessment can be divided into
quantitative risk assessment and qualitative risk assessment.
Value of risk assessment:
Although risk assessment methods have existed for many years, due to several factors, human
interests in it has increased in recent years. Firstly, the pressure is constantly increasing due to the
design cycle, which reduces the tolerance for the late changes. Secondly, production efficiency and
cost efficiency directly affect significant opportunities. Thirdly, performing risk assessment to
decrease the cost and improve productivity provides a competitive advantage. Next, risk assessment
has already caused great international influence. Many international organization clearly claims that
they require a risk assessment.Besides, capturing knowledge, product liability, lack of standards,
schedule control and customer requirements are another kinds of values of risk assessment. "For